S&P 500: This Trend Is About To Break (Technical Analysis)

Core Insights - The S&P 500 experienced a 1.94% drop last week, reversing previous market euphoria [1] - The article emphasizes the importance of monitoring key support levels, specifically mentioning that dips are likely to hold at 6551 [1] Group 1: Market Analysis - The article discusses the actionable insights provided by Andrew McElroy, who utilizes a proprietary system developed over 15 years, incorporating fractals, Elliott Wave, and macro drivers [1] - The 'Daily Edge' report outlines actionable ideas and important levels in the S&P 500, as well as trends in commodities, stocks, crypto, and forex [1] Group 2: Analyst Background - Andrew McElroy is identified as the Chief Analyst at Matrixtrade and has been an independent trader since 2009, managing a family portfolio of stocks and ETFs [1]